Mitsubishi to triple stake in Ayala in $709.5 million Philippines push
Japanese trading house Mitsubishi Corp will more than triple its stake in Philippine conglomerate Ayala Corp to 15% for 44.5 billion pesos ($709.48 million), increasing its voting stake to 20% upon completion. The deal, struck at 650 pesos per share, represents a nearly 22% premium to Ayala's last closing price and deepens cooperation in consumer-facing businesses, with opportunities also to be pursued across Ayala's real estate and energy sectors. Mitsubishi expects the transaction to be completed within fiscal 2026.
48 million) deal, the Philippine conglomerate said on Monday, deepening the Japanese firm's footprint in the country. 27 billion pesos, representing a nearly 22% premium to its last closing price. 7% according to Ayala, will also increase its voting stake to 20% once the transaction is completed. The expanded alliance will deepen cooperation in consumer-facing businesses, while the two companies will also pursue opportunities across Ayala's core real estate and energy businesses, Mitsubishi said.
47 billion, potentially the Philippines' largest. Mitsubishi expects the transaction to be completed within fiscal 2026. com;)